2021-03-24
In a pair of decisions issued March 19, 2021, the Indiana Supreme Court declined (1) to clarify the meaning of "tolled interest," and (2) to further protect stimulus payments under its 2020 emergency COVID-19 pandemic orders.
Read More from: Krieg DeVault
2021-03-23
The $235 million acquisition will bring CEO Jared Wolff's company a trove of cheap deposits and the chance to slash costs without having to significantly change its business model.
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Read More from: BankThink
2021-03-23
Free investment education and testing for risk tolerance are among the ways financial firms can better reach underserved consumers, former SEC chief Jay Clayton and Operation HOPE’s John Hope Bryant say.
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Read More from: BankThink
2021-03-23
The company agreed to buy Legacy Bank of Florida for $102 million.
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Read More from: BankThink
2021-03-23
Two banking bills signed by Gov. J.B. Pritzker carry implications for payday lenders, auto title lenders, credit unions and nonbank mortgage lenders. Pritzker, a Democrat, said the bills will address racial-equity gaps in the state.
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Read More from: BankThink
2021-03-23
Bank of America, Wells Fargo and JPMorgan Chase also received high marks for transparency in reporting how they are paying women and employees of color, but Goldman Sachs, KeyCorp and Citizens Financial Group still have work to do, according to th
Read More from: BankThink
2021-03-23
Top officials at the U.S. central bank and Treasury Secretary Janet Yellen reaffirmed their commitment to understand how extreme weather events affect financial institutions and the economy as a whole.
Read More from: BankThink
2021-03-23
The New York company is seeding savings accounts offered by the challenger bank Goalsetter as a way to help minority communities as well as use technology to start building long-term relationships with young consumers.
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Read More from: BankThink
2021-03-23
Paul Marsh resigned as president and CEO of the South Bend, Ind., credit union on Tuesday after 30 years there. An interim chief has been named and the board is searching for a permanent successor.
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Read More from: BankThink
2021-03-23
The agency's plan would strengthen requirements that banks use a minimum amount of their real estate for the business of banking, but three grade groups say banks need flexibility in the pandemic to manage occupancy.
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Read More from: BankThink
2021-03-23
Non-fungible tokens are taking the digital world by storm. They could displace traditional payment rails, but they could also be a handy tool for cybercrooks.
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Read More from: BankThink
2021-03-23
CUNA Mutual Group's latest Credit Union Trends Report shows consumers continue to deleverage thanks to stimulus payments and cash-out refinancing, though membership picked up slightly.
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Read More from: BankThink
2021-03-23
Being an older citizen is difficult when you do not have the finances you need to support yourself. Many people do not have children or family to rely on to take care of them as they get older.
Read More from: Young, Marr & Associates
2021-03-23
Smith Shellnut Wilson has managed Business First's investment portfolio since the bank was formed 15 years ago.
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Read More from: BankThink
2021-03-23
Citigroup Chief Executive Jane Fraser has barred internal video calls on Fridays and encouraged vacations in an effort to combat workplace malaise brought on by the coronavirus pandemic.
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Read More from: BankThink
2021-03-23
Goldman Sachs Group didn’t use discriminatory practices when deciding whether to extend credit to prospective customers of its Apple Card, said the New York State Department of Financial Services.
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Read More from: BankThink
2021-03-23
Almost $2 trillion of debt pegged to dollar Libor, much of which can’t easily be shifted to an alternative benchmark, won’t mature until after the discredited rate expires in mid-2023, according to the Federal Reserve-backed group guiding the tran
Read More from: BankThink
2021-03-23
Lawyers defending two men accused of defrauding banks into processing pot purchases said banks including Citigroup and Bank of America were happy to look the other way when customers used their credit and debit cards to buy marijuana online.
Read More from: BankThink